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Nov 1, 2012
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they all put their heads down and went back to work and paid america. i think while people were nubble saying derogatory things about the people of aig, since they lived up to their promises and delivered to america, i think we should not hold them responsible for cha for what happened in the beginning and recognize what happened in the end. >> absolutely. you have been leading this company with a steady hand. i know that the observers of your leadership are certainly feeling good about that. in terms of continuing to right the ship, where are the asset sales going to come from in the future? you still got leasing on the block? tell us about potential deals in the future. >> well, we have time liquidate when it makes sense for the company. the aircraft leasing company is something we feel is noncore. we're simplifying the company, simplifying our structure. so owning 940 commercial planes is not something that fits an insurance company going forward. so we have worked hard. the company has righted itself. it's fixed a lot of its debt horizons. we're mat
they all put their heads down and went back to work and paid america. i think while people were nubble saying derogatory things about the people of aig, since they lived up to their promises and delivered to america, i think we should not hold them responsible for cha for what happened in the beginning and recognize what happened in the end. >> absolutely. you have been leading this company with a steady hand. i know that the observers of your leadership are certainly feeling good about...
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Nov 2, 2012
11/12
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from bank of america. the rate on here is what's the most interesting. they borrowed $15 million at libor plus 2.5%. those were the terms of the loan. overnight libor rate about 0.21%. borrowing money from bank at america below prime. we did ask bank of america about this. i wanted to know can i go out and raise money? the collateral on this was cash on hand. is this the type of money people are going to need cash to get right now? this is why it's so important. the obama administration said the following, obama for america -- let's go to the bank of america statement first. bank of america, we don't discuss client details but this loan has been disclosed as required by federal election commission rules and it is a standard commercial loan at a market competitive rate. that's what they say. i cannot prove that, carl, that it is market competitive rates. obama for america issued the following statement in regards to this loan. the loan was reported in mid-october in our fec chris closure and was covered by
from bank of america. the rate on here is what's the most interesting. they borrowed $15 million at libor plus 2.5%. those were the terms of the loan. overnight libor rate about 0.21%. borrowing money from bank at america below prime. we did ask bank of america about this. i wanted to know can i go out and raise money? the collateral on this was cash on hand. is this the type of money people are going to need cash to get right now? this is why it's so important. the obama administration said...
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Nov 1, 2012
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latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some areas likely to be without -- some of you in the ameri mta as a -- we're getting word from coned, the utility here in manhattan, tre to h
latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people....
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Nov 1, 2012
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america's natural gas... putting us in control of our energy future, now. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> welcome back to "squawk box," everyone. we are a few seconds away from weekly jobless claims and productivity numbers. rick santelli is in chicago and steve liesman in studio with us. rick why don't we let you take it away so we can get the numbers. >> buzz and the survey says non-farm productivity third quarter preliminary up 1.9, unit labor costs they actually are in the red, that's a good thing, down 0.1. if we look at revisions to both numbers we see our last look was 1.9 so pretty equal on productivity, that number kind of fits in but the drop in unit labor costs is someth
america's natural gas... putting us in control of our energy future, now. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade....
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Nov 16, 2012
11/12
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it's not about america. people are sick of that and they're ashamed of it and they're disgusted. >> "squawk's" campaign to rise above, taking the nation by storm. former assistant treasury secretary tony fratto, former top white house economic adviser austan goolsbee tells us where to find solutions. >>> what traders are seeing on the floor before the day's first transactions. >>> and disrupting the status quo. >> are you suggesting it makes you smarter? >> i'm not legally allowed to make such claims. >> a 16-year-old entrepreneur is here to explain as the second hour of "squawk box" begins right now. ♪ >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the future, dow futures up by about 4.5 points, s&p futures up frox fractionally, the nasdaq futures down fractionally. the russell 2000 is down about 7% since the election. to your morning headlines it's more than just the fiscal cliff impacting stock pric
it's not about america. people are sick of that and they're ashamed of it and they're disgusted. >> "squawk's" campaign to rise above, taking the nation by storm. former assistant treasury secretary tony fratto, former top white house economic adviser austan goolsbee tells us where to find solutions. >>> what traders are seeing on the floor before the day's first transactions. >>> and disrupting the status quo. >> are you suggesting it makes you smarter?...
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Nov 9, 2012
11/12
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before the debut in north america. and it coincides with the launch of a new sort of spy training weekend. a luxury experience called secret me. but the key thing about it is when you go on this course, you're being taught by ex-intelligence officials, special forces guys, people that have worked as surveillance for the british government. . we have some pictures while i talk. you but the amazing thing is that you are -- this was a bit of the package that you can see. they teach you things like shooting. you get flown there in a helicopter. misst mi pistol training, unarmed combat. how to play poker properly. surveillance training if you want to track people around in secret. you also get taught the art of a duk seduction which is also very use, as well. making cocktails. and misstal marksmanship. >> so handguns, too? >> yeah. >> that's live ammo?isstal mark. >> so handguns, too? >> yeah. >> that's live ammo?opiisstal m. >> so handguns, too? >> yeah. >> that's live ammo?sisstal mar. >> so handguns, too? >> yeah. >> tha
before the debut in north america. and it coincides with the launch of a new sort of spy training weekend. a luxury experience called secret me. but the key thing about it is when you go on this course, you're being taught by ex-intelligence officials, special forces guys, people that have worked as surveillance for the british government. . we have some pictures while i talk. you but the amazing thing is that you are -- this was a bit of the package that you can see. they teach you things like...
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Nov 21, 2012
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america can do better. it would be good for the economy. >> walmart is paying these workers more than minimum wage, which is what they're required to do. if they joined a union, then their dues would go to the large amounts of political contributions and lobbying and political activity that the united food and commercial workers union was giving about $10 million last year. we have a disagreement. >> the adee lodideological atta unions you're entitled to. >> what about the dues being used for political contributions? >> those are check-offs. those are not the same thing. the legal arguments that are being made here today are so off the wall. >> they are not. what about the underfunded pensions? 55%, 65 in the red zone. >> you can talk about what it's like to raise a family on $15,500. those economics are bad for the united states. you must pay workers enough to buy the products they sell. when you justify impoverishing hard-working people, you will see, as the report points out, it has a negative effect on
america can do better. it would be good for the economy. >> walmart is paying these workers more than minimum wage, which is what they're required to do. if they joined a union, then their dues would go to the large amounts of political contributions and lobbying and political activity that the united food and commercial workers union was giving about $10 million last year. we have a disagreement. >> the adee lodideological atta unions you're entitled to. >> what about the...
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Nov 23, 2012
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. >> mall of america on black friday, that is the thick of it right there. >>> with the economy so uncertain because of the fiscal cliff will it be the discounter or the luxury retailer? >> that is the question we are asking our two guests. eddie roomer from key bank capital markets and eric vito. gentlemen, great to have you on the show today. eric, how do i play black friday and the future holiday season? >> if you look at it this is a bargain-driven season. i think the people taking advantages are the players with the best discounts. they did take advantage of lower raw material costs to lower pricing here. when you look at this, you get aggress erv, names like aeropostal and a company like new york and coach, spending two years on figuring out how to discount right. >> ed, how do the lux injure are retailers do? >> clearly this is the morning for the value price retailers action though we saw tremendous traffic at nordstrom. frankly the store was jammed. we thinks companies like nordstrom are well positioned. >> who is not well positioned. >> it kind of levels of expectations here. retai
. >> mall of america on black friday, that is the thick of it right there. >>> with the economy so uncertain because of the fiscal cliff will it be the discounter or the luxury retailer? >> that is the question we are asking our two guests. eddie roomer from key bank capital markets and eric vito. gentlemen, great to have you on the show today. eric, how do i play black friday and the future holiday season? >> if you look at it this is a bargain-driven season. i think...
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Nov 20, 2012
11/12
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are you saying you're suddenly negative on america's most valuable company, loved by everybody and owned by many of the people you speak to on a regular basis who run some of the biggest money on the street? >> not at ul. i like the stock. i don't own it. i think it is a very, very cheap stock. i agree with joe. >> the fed chairman is speaking now in new york. let's go to steve liesman. >> scott, thanks so much. ben bernanke speaking to the economic club of new york made some strong comments on the fiscal cliff and some interesting comments on the economy. let's talk about the fiscal cliff first, he's saying the congress and administration need to quote protect the economy from the full effects of the fiscal cliff. he's saying it poses a substantial threat to the recovery. quote saying it will likely cause a recession if it hits in full force. the budget situation by affecting private sending the already hurting the economy according to the fed chairman. he's urging also, not just solving the fiscal cliff problem, but raising the debt ceiling, saying a catastrophic default of the nation'
are you saying you're suddenly negative on america's most valuable company, loved by everybody and owned by many of the people you speak to on a regular basis who run some of the biggest money on the street? >> not at ul. i like the stock. i don't own it. i think it is a very, very cheap stock. i agree with joe. >> the fed chairman is speaking now in new york. let's go to steve liesman. >> scott, thanks so much. ben bernanke speaking to the economic club of new york made some...
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Nov 23, 2012
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from the light show at the mall of america. >> that's right. when we come back we have the stories -- >> they planned that. >> she looked like she got caught by surprise. we'll have the headlines you should be watching plus the names you need to know about as we work through the most important season for retailers. right now the retail index over the last 52 weeks, not a bad move. "squawk" will be back in two minutes. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> today >>> today holiday central is open for business. who is winning and who is losing in the contest for consumer dollars, all day today on cnbc. ♪ well you know that it's going to be all right ♪
from the light show at the mall of america. >> that's right. when we come back we have the stories -- >> they planned that. >> she looked like she got caught by surprise. we'll have the headlines you should be watching plus the names you need to know about as we work through the most important season for retailers. right now the retail index over the last 52 weeks, not a bad move. "squawk" will be back in two minutes. [ male announcer ] introducing the new dell xps...
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Nov 21, 2012
11/12
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country relative to the demographic, it's as if we're building homes for a 19th century population of america. i don't know where kids are living these days. i think if you guys haven't already, the best trade of all has been the fu ton couch trade because that's where people have to be living these days. the other thing that's interesting to me is when, if anything was sort of new yesterday with bernanke saying that you know what? no matter what happens, even with a fiscal cliff deal, the government is going to be a drag on growth next year and i think it's a housing federal government balancing act where you may get a percentage point from the housing, but you may get a percentage point off from the federal side even if you get a fiscal cliff deal. >> where would you be then investing next year? where would you urge people to invest based on your outlook and the comments you just made on housing? >> well, i would continue to focus on the growth areas. foorm suit cals and text message. you've had a hit here in the correction after the election. and you've got some of these things, they were
country relative to the demographic, it's as if we're building homes for a 19th century population of america. i don't know where kids are living these days. i think if you guys haven't already, the best trade of all has been the fu ton couch trade because that's where people have to be living these days. the other thing that's interesting to me is when, if anything was sort of new yesterday with bernanke saying that you know what? no matter what happens, even with a fiscal cliff deal, the...
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Nov 1, 2012
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bank of america, our best perform we are a gain of 4.4% in today's trade. pfizer had earnings out today, down 1.3%. when we look at the best and worst performing sectors among the s&p components today, materials did the best. maybe that sandy play anticipating that. a gain of 1.9%. the worst performers included the consumer staples, which may be hit initially by what's going on with sandy and the utilities, which certainly have suffered as a result of the devastation in the parts of the northeast as a result of the storm. on the floor with maria there, warren myers, market analyst and dme securities. are you surprised at the strength of this market ahead of such an important jobs report tomorrow? >> it's a little bit surprising, but most of the economic data we've been seeing over the last couple days has actually been fairly positive. it's really given us a nice indication or at least hopefully beginning of a positive trend here. so the movement isn't surprising. the strength is a little surprising, yes. >> maria, we are strengthening going into the close
bank of america, our best perform we are a gain of 4.4% in today's trade. pfizer had earnings out today, down 1.3%. when we look at the best and worst performing sectors among the s&p components today, materials did the best. maybe that sandy play anticipating that. a gain of 1.9%. the worst performers included the consumer staples, which may be hit initially by what's going on with sandy and the utilities, which certainly have suffered as a result of the devastation in the parts of the...
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Nov 19, 2012
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we got america hating co-anchor here. >> should we save hostess? >> first of all, if we don't save hostess we're certainly going to save the brand. brand's going to get sole off and somebody else is going to make twinkies. somebody's going to make ding dongs, somebody else is going to make snowballs. when mimi roth talks about the fact we ought to let these things die, she really expects the fact that people are going to stop eating snack foods. little debbie's is still doing fine. you can still buy moon pies. cakes, cookies, ice cream, all of these things are available in grocery stores. this is more about the labor union blow-up with hostess than it is about twinkies. >> i want to ask you, rick. to brian's point a moment ago, this company has actually been through bankruptcy a few times and it's always bounced back. right? judging by the number of names we just mentioned a moment ago sniffing around potentially interested, it feels as if people want this company to survive. >> people do want it to survive. they're popular brands. but at the end o
we got america hating co-anchor here. >> should we save hostess? >> first of all, if we don't save hostess we're certainly going to save the brand. brand's going to get sole off and somebody else is going to make twinkies. somebody's going to make ding dongs, somebody else is going to make snowballs. when mimi roth talks about the fact we ought to let these things die, she really expects the fact that people are going to stop eating snack foods. little debbie's is still doing fine....
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Nov 19, 2012
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corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold, it's going to be a rocky, rocky road. >> so you're saying closing the loopholes alone brings it to a trillion. >> if you're willing to wipe out all of them, and that may not be political feasible, but you can definitely solve the problem by broadening the base, simplifying the code and getting rid of the tax expenditures. >> it upset
corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke...
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Nov 19, 2012
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. >>> investment by corporate america is falling off a cliff because of so much uncertainty as we all know. but would all of that money really come off the sidelines? if a deal on the budget and taxes were made? we'll look at that coming up, both sides. >> stocks rallying just on the hopes a fiscal cliff might actually get fixed on time. what actually are investors optimistic about? all that and more coming up. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ snooi. >>> welcome back. about 45 minutes left in the trading session. we want to get you caught up on this market. best rally for u.s. stocks in a couple of months. the dow right now is still near the highs of the session with a gain of about 180 points. we're calling it the rise above rally. the rally began
. >>> investment by corporate america is falling off a cliff because of so much uncertainty as we all know. but would all of that money really come off the sidelines? if a deal on the budget and taxes were made? we'll look at that coming up, both sides. >> stocks rallying just on the hopes a fiscal cliff might actually get fixed on time. what actually are investors optimistic about? all that and more coming up. ♪ [ female announcer ] today, it's not just about who lives in the...
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Nov 27, 2012
11/12
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i don't think it's unfair, and it shouldn't be a scare tactic to ask corporate america and the wealthy to pitch in and help this country when this country needs the help. that's all. >> i don't understand when you say -- if you don't want to change medicare in any way, say means testing, what you mean is you want to subsidize the wealthy. the retiring generation right now is the wealthiest retiring generation in american history. you're asking young people to subsidize wealthy people who are retiring if you don't want to make key changes to medicare. you want to help the rich, not the poor? >> no, i don't think the scenario is that way. when you look at the people on medicare, when you look at people on medicaid, those are people that not only earn the benefit -- >> i didn't say medicaid, i said medicare. it's different, right? >> i think the vast, vast majority of people on medicare are people that have earned that benefit and are entitled to that benefit. and there has been -- >> so no changes? >> no changes, because at this point without any revenue generation to offset the blunt cu
i don't think it's unfair, and it shouldn't be a scare tactic to ask corporate america and the wealthy to pitch in and help this country when this country needs the help. that's all. >> i don't understand when you say -- if you don't want to change medicare in any way, say means testing, what you mean is you want to subsidize the wealthy. the retiring generation right now is the wealthiest retiring generation in american history. you're asking young people to subsidize wealthy people who...
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Nov 19, 2012
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that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in language but we had a presidential election which the president ran and run on raising the top income tax rates. even republicans admit across the board, governor haley barbour of mississippi, one of the most conservative states in the nation, said we have to cut our losses on this, take some slight tax increase in return for some spending cuts. they're going to be back and forth, there's going to be moments where it looks like we're close to a deal, then terms change a little bit. but there is absolutely no appetite on the part of the republican party to get blamed for a fisc
that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in...
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Nov 1, 2012
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>> america has done it. it put all that racial prnlg and history behind it by appointing him president. you don't have to do it again. and i think many people will look at it more broadly and say can we get the economy moving again. >> if you look at the unemployment rate, hispanics and blacks traditionally need to decide that he's worse off compared to the average population. so you'll vote for the person who gives you you the best prospe prospects. and many still think it's obama. >> i don't think it's about the economy stupid. that's too simplistic. just the same in europe, it's about jobs stupid. and it is about who is going to get you bigger prospect of a job tomorrow. who is going to give you the bigger prospect of keeping your job today. and that is what people will most be about. it's about jobs. >> will is one those that he felt he had to conquer. >> it is about big business. who else is going to employ? it's unbelievable. people are actually taxing the system rather than pandering to the system tha
>> america has done it. it put all that racial prnlg and history behind it by appointing him president. you don't have to do it again. and i think many people will look at it more broadly and say can we get the economy moving again. >> if you look at the unemployment rate, hispanics and blacks traditionally need to decide that he's worse off compared to the average population. so you'll vote for the person who gives you you the best prospe prospects. and many still think it's obama....
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Nov 16, 2012
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million new patients invested into the new health care economy and with the aging of the population of america -- >> breaks the bank. >> i think it's a completely untenable scenario. >> what about other stuff? a lot of my friends are doctors and they talk about the things you're talking about. but they also say, i've got to pay a lot of money for lawsuit protection. >> that's right. >> which could bankrupt me and my partners in our practice. that's an old saw but nothing ever gets done. >> if anyone thinks that the increase in malpractice premiums has abated because of the overall decline in income for physicians, they are sadly mistaken. the lawsuit tenor of this country is not abating at all. we are seeing situation where is you're looking at $200,000 before you even make a dime if you're a neurosurgeon or obstetrici obstetrician. and you see phoenix in heavily litigious areas not dliring babies or doing neurosurgery. that was not addressed in obama care. >> i don't know the way out of this mess. i want to ask you about a hot thing i hear about, these little clinics. they're run by nurses or
million new patients invested into the new health care economy and with the aging of the population of america -- >> breaks the bank. >> i think it's a completely untenable scenario. >> what about other stuff? a lot of my friends are doctors and they talk about the things you're talking about. but they also say, i've got to pay a lot of money for lawsuit protection. >> that's right. >> which could bankrupt me and my partners in our practice. that's an old saw but...
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Nov 19, 2012
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joining success ron peltier, home services of america chairman and ceo. thank you for joining us this morning. >> good morning. >> give us a little bit of a silver lining to what's going on in the world because we've been rather depressed around this table this morning. >> well, let me just say this. we're used to cliffs because the housing fell off a cliff about five years ago and we're just clawing our way back, so as it relates to where the silver lining is in housing, we've seen a very gradual improvement and a recovery in housing. we haven't recovered anywhere close to where we should be, but there is a movement forward in house prices up this year, probably 5% or 6% across most markets. some higher, some lower and sales units are up 12% to 15%, closed sales against last year's numbers in most markets. there are very encouraging signs and i must say those signs are encouraging but that's coming off last year 2011 right off the bottom of 4.19 million home sales. we'll probably hit 4.7 million home sales this year and it's a good movement but we've got
joining success ron peltier, home services of america chairman and ceo. thank you for joining us this morning. >> good morning. >> give us a little bit of a silver lining to what's going on in the world because we've been rather depressed around this table this morning. >> well, let me just say this. we're used to cliffs because the housing fell off a cliff about five years ago and we're just clawing our way back, so as it relates to where the silver lining is in housing,...
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Nov 14, 2012
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and should i choose, if i think that she would be the best person to serve america in the capacity of the state department, thenally nominate her. that's not a determination that i've made yet. ed henry. >> want to take chuck's lead and just ask a very small follow-up, which is whether you feel you have a mandate not just on taxes but on a range of issues because of your decisive victory. but i want to stay on benghazi. you said if they want to come after me, come after me. want to ask about the families of these four americans who were killed. sean smith's father ray says he believes his son basically called 911 for help and they didn't get it. i know you've said you grieved for these four americans. that's being investigated but the families have been waiting for more than two months. so i would like to -- for you to address the families, if you can. on 9/11, as commander in chief, did you issue any orders to try to protect their lives? >> ed, i'll address the families not through the press. i'm address the families directly, as i already have. and we will provide all the informatio
and should i choose, if i think that she would be the best person to serve america in the capacity of the state department, thenally nominate her. that's not a determination that i've made yet. ed henry. >> want to take chuck's lead and just ask a very small follow-up, which is whether you feel you have a mandate not just on taxes but on a range of issues because of your decisive victory. but i want to stay on benghazi. you said if they want to come after me, come after me. want to ask...
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Nov 27, 2012
11/12
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one of the most impressive skylines in all of america. with the growth came jobs. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. a >>> you are looking at live pictures of the white house where in just a few minutes' time, small business leaders will meet with members of the obama administration. what are they gonna do? they are going to try to tackle the looming fiscal cliff. so, when it comes to cutting spending, the big questions are where and just how much? ammanoffers is on capitol hill, you have been looking at all the options, lay it out for us. >> so much of the sound and fury in this debate has been over taxes and tax cuts and where that side of equation is gonna go but don't forget, entitlement spending and dis
one of the most impressive skylines in all of america. with the growth came jobs. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. a >>> you are looking at live...
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Nov 14, 2012
11/12
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it is growing in north america and in emerging markets. and i think it will continue to grow over the next ten years. the valuation here is reasonbly attractive. we would be focusing now with the weakness on more cyclical businesses. we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance to trade to the lower 70s which i'm sure dan doesn't care about with a five-year time horizon. >>> let's move on here. the unrest in the middle east and the impact on oil prices. take a look at this incredible video from gaza. israel launched an a air strike. crude immediately spiked. where do you put this? we know there are tensio
it is growing in north america and in emerging markets. and i think it will continue to grow over the next ten years. the valuation here is reasonbly attractive. we would be focusing now with the weakness on more cyclical businesses. we have been buying a great company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >>...
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Nov 29, 2012
11/12
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scott peters, chairman and president of health care trust of america. they are not involved with the crazies in of america other than maybe they can profit from it. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> are we underestimating sandy, just plain wrong about how much rebuilding needs to be done? maybe this morning we got a recognition from bill dudley, president of the new york federal reserve, that sandy might be the big one. i think he's right. the numbers we have seen sound like overestimates, you know? hmm-um, i think they're going to be dramatically understating the destruction. there are whole swaths of sandy's wake t
scott peters, chairman and president of health care trust of america. they are not involved with the crazies in of america other than maybe they can profit from it. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn...
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Nov 30, 2012
11/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> getting the fiscal fix america needs. >> we are waiting for a serious offer from the republicans. >> i remain hopeful that productive conversations can be had in the days ahead. >> former honeywell ceo larry bossety is here on how to get washington to rise above the politics and get businesses back on track. >> safeguarding the portfolio ahead of the fiscal cliff. the smartest minds in the game will tell you how. >> making hot profit. >> another american made story you don't want to miss. the second hour of "squawk box" begins right now. ♪ >> welcome to "squawk box." i'm becky quick along with joe kernan. andrew is out on vacation today. the futures are indicated high they are morning. this is coming despite the idea of -- the two sides of the fiscal cliff not any closer on getting any sort after deal done again, w
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> getting the fiscal fix america needs. >> we are waiting for a serious offer from the republicans. >> i remain hopeful that productive conversations can be had in the days ahead. >> former honeywell ceo larry bossety is here on how to get washington to rise above...
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316
Nov 23, 2012
11/12
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eye 316
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the mall of america is without a doubt the most representative thing about america that i know. >> the worst place to be today is what i was going to say. >> depends on who you are. >> if you're mark sanchez, go there and nobody will know who you are. >> back to that. >> second reference. sorry. we are just a couple minutes away from the opening bell. a shortened day. we'll trade nonetheless. let's bring in matthew. he has kids day here at nyse. matt has his girls just off camera. this will be the most high pressured interview that you have ever done. don't screw up. they'll know. >> it's good they are not on camera because they were going to give me rabbit ears. >> they are now. >> trying to embarrass me. >> obviously black friday is getting all of the attention. cypress looking for a bailout. a lot of conflicts without eurozone. it's a fun retail focus day. a lot of macro issues still out there for this market. >> last week earlier in the week it was surprising. one of the biggest accounting scandals possibly. an insider trading scandal. >> same week. >> markets went higher. now reta
the mall of america is without a doubt the most representative thing about america that i know. >> the worst place to be today is what i was going to say. >> depends on who you are. >> if you're mark sanchez, go there and nobody will know who you are. >> back to that. >> second reference. sorry. we are just a couple minutes away from the opening bell. a shortened day. we'll trade nonetheless. let's bring in matthew. he has kids day here at nyse. matt has his girls...
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Nov 20, 2012
11/12
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an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out to be true, and frightening. >> one of the other things that you were talking about and kenny polcari was and john, your thoughts on, this the idea that whether we go full thelma and louise off the fiscal cliff or not, there is likely to be fiscal restraint in the year 2013. higher taxes some form or another and reduced federal spending and that is going to pull -- put a drag on the economy, a headwind, whether that will be sufficient to push the economy into a recession or not it he was a little bit vague on it. he said we could maybe deal with that, but, we the fed, don't have the tools to deal with
an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out...
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Nov 1, 2012
11/12
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bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an economy building momentum. that is at least until sandy came. steve leisman here. steve, is sandy going to slam the brakes on this slightly upward arc we're seeing in the economy? >> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. clai
bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an...
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Nov 12, 2012
11/12
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it is all of north america. these guys said we are talking from somewhere around 11 million barrels a day by 2010 they will add another 15 million barrels a day by 2020. i think it happens much faster, too. this is absolutely fact. >> do you play it with a high beta stock or do you play it with an ex on mobile? >> distribution. >> and it sounds like you are not going by nat gas use? >> i think nat gas will stay at probably under $4 as long as the futures market contains. all of that together should be wildly bullish. >> actually policy has no difference. we are down in terms of demand. >> is that part of the story as why we are energy dependent. it is also the fuel efficiency has helped. >> look at every automobile. the age is 10 1/2. every time we retire an old car that gets 20 miles to the gallon we are replacing it with a car that gets 28. >> that '68 camaro. >> it got 12. that was an efficient car in 1966. >> you guys both said distribution immediately. >> pipe producers are your guys. >> i don't know what t
it is all of north america. these guys said we are talking from somewhere around 11 million barrels a day by 2010 they will add another 15 million barrels a day by 2020. i think it happens much faster, too. this is absolutely fact. >> do you play it with a high beta stock or do you play it with an ex on mobile? >> distribution. >> and it sounds like you are not going by nat gas use? >> i think nat gas will stay at probably under $4 as long as the futures market contains....
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Nov 5, 2012
11/12
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in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ at devry.edu/knowhow. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishare
in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow....
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Nov 30, 2012
11/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> it is time. it's time for the lightning round. buy buy buy or sell sell sell. hey, staffers prepare the graphics on the fly. play this sound and then the lightning round is over. i want to start with brian in ohio. brian? >> caller: hey, jim, out of cleveland here, i have a question for you on mark west here. i bought it around $51. i watched it go up, back down, do i dump it or -- >> no, no, you're fine. they priced that secondary. you know how important it is to get that natural gas. it goes higher. hold on to it. larry in indiana. >> hey, a great big boo-yah from indiana. >> we went out to kelly's school. it was fantastic. >> caller: bank of america, what do you think? >> my favorite is wells fargo. i'm not a big fan of bank of america, but it will go up, but i'm going to say if you own it, that's fine. chuck in n
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> it is time. it's time for the lightning round. buy buy buy or sell sell sell. hey, staffers prepare the graphics on the fly. play this sound and then the lightning round is over. i want to start with brian in ohio. brian? >> caller: hey, jim, out of cleveland here, i have a...
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Nov 6, 2012
11/12
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this is the greatness of america. jeff canada, god bless this man. calls me up friday and says kenny we need "d" batteries bad. by the way i'm bragging, what home depot has done through this whole thing is nothing short, i'm so proud of that company. frank blake and the team, aaron flow, the president of the northern division up here, all weekend -- look, there is a silver lining to this tragedy. we're going to show the world why new york is indeed the greatest city on earth. we'll show them. >> there are still hundreds of thousands of people in new york and new jersey don't have power, it's 27 degrees out this morning. >> this is a storm, you know, i always say the media is exaggerating. this is one they understated. we had the highest previous surge, 13.2 feet. this was -- 11.2. the east river is a tidal strait, it goes north when the tide is coming in and south. can you imagine the water coming in from long island sound, new york harbor and meeting in the middle? where we were? i mean, this was a force of nature like we've never known before. i fe
this is the greatness of america. jeff canada, god bless this man. calls me up friday and says kenny we need "d" batteries bad. by the way i'm bragging, what home depot has done through this whole thing is nothing short, i'm so proud of that company. frank blake and the team, aaron flow, the president of the northern division up here, all weekend -- look, there is a silver lining to this tragedy. we're going to show the world why new york is indeed the greatest city on earth. we'll...
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Nov 8, 2012
11/12
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america is a great country. problems can be solved. you'll hear my take later in the broadcast. life goes on. the show must go on. and so shall we. first order of business tonight is breaking news. moments ago house speaker john boehner, he delivered a direct message. this is your moment, mr. president. and we want you to succeed. the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day after the presidential election saw the dow shift 312 points, marking the biggest point loss so far this year for the index. but it could have been worse. at session lows the dow was actually off by 369 points. the sell-off was broadbased and multifaceted. some point t
america is a great country. problems can be solved. you'll hear my take later in the broadcast. life goes on. the show must go on. and so shall we. first order of business tonight is breaking news. moments ago house speaker john boehner, he delivered a direct message. this is your moment, mr. president. and we want you to succeed. the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the...
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Nov 6, 2012
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number two, let's get back to the business of america and stocks going up in america as an asset looking very well on a longer term perspective. however, on a near-term basis, the market in our belief is well ahead of historical norms in terms of election years and fundamentally. next year things will look better. near term, i think a lot of participants could be surprised if we see a pullback from here because it's very consensus to think if romney wins the market is going to rally. well, it's already in the market. we would be concerned that we'd get a bit of a pullback near term. >> joseph, what do you think? in terms of putting money to work today, would you be buying into this rally or selling into it? >> i think part of the issue right now is not so much the election. it's really the fiscal cliff. the unfortunate thing is we really couldn't make any heads or tails as far as what's going to happen with this fiscal cliff until we get clarity from the election. i suspect between now and the end of the year, you'll see a lot more anxiety. there will be more headlines around the fiscal
number two, let's get back to the business of america and stocks going up in america as an asset looking very well on a longer term perspective. however, on a near-term basis, the market in our belief is well ahead of historical norms in terms of election years and fundamentally. next year things will look better. near term, i think a lot of participants could be surprised if we see a pullback from here because it's very consensus to think if romney wins the market is going to rally. well, it's...
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Nov 29, 2012
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. you can stay in and share something... o
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. nespresso. where i never have to compromise on anything. ♪ where just...
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Nov 14, 2012
11/12
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bank america, capital one, jpmorgan. bank america has a book value that's a little over $20 a share. we think they can earn 10% on that book within a couple of years. and without great growth opportunities in the economy, we think most of that $2 a share will be coming back to shareholders, both as dividends and share repurchase. >> you have a good amount of money under management, $11 billion. how worried are you about the fiscal cliff? do you watch what happened in the market last week and we're down yet again today and almost at the lows of the day? >> to us we think about a much longer time horizon than that. it's a good year for the market. mid-teens, rates of returns. i think five years from now it will be unlikely we'll be talking about what happened in the fiscal cliff in 2013. i think there's plenty of room for compromise. have you one side saying they want higher taxes and one side saying they don't want higher rates. to me, that sounds like a bowles/simpson kind of compromise. >> you have a great track record
bank america, capital one, jpmorgan. bank america has a book value that's a little over $20 a share. we think they can earn 10% on that book within a couple of years. and without great growth opportunities in the economy, we think most of that $2 a share will be coming back to shareholders, both as dividends and share repurchase. >> you have a good amount of money under management, $11 billion. how worried are you about the fiscal cliff? do you watch what happened in the market last week...
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Nov 26, 2012
11/12
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he says america's debt crisis is more like a garden than a cliff. he'll explain right after this. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> jeffrey cleveland is the senior economist with payton and rygel. you have an interesting thought process about the fiscal cliff. you say that's a bad analogy, that it's really more like a garden, but what i want to know, if our econo
he says america's debt crisis is more like a garden than a cliff. he'll explain right after this. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a...
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Nov 15, 2012
11/12
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america's natural gas... putting us in control of our energy future, now. >>> welcome back to "squawk box," just a couple seconds away from cpi and weekly jobless claims. we get right to rick santelli with the numbers. >> october cpi headline up 0.1. strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there may be some distortions, it walloped up to 439,000 from 361,000, so i am sure there's a story behind that, and continuing claims not to be outdone, had a market jumped, originally released and revised up to 3.16 and now they stand at 3.334 million. so these numbers obviously affected by something whether it's storms or whether it's other issues, we'll of course look towards some of the guidance that we get. if we look towards the market the guidance is the equities look like they'll come in lower for another day. we see interest rates, well, they
america's natural gas... putting us in control of our energy future, now. >>> welcome back to "squawk box," just a couple seconds away from cpi and weekly jobless claims. we get right to rick santelli with the numbers. >> october cpi headline up 0.1. strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there...
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Nov 14, 2012
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bank, and bank of america. we contacted all of them, and each said that it farmed out its mortgage servicing work to other companies, and it was those mortgage servicing firms that hired docx. docx was owned by a company called lps, a $2 billion firm that calls itself the nation's leading provider of mortgage processing services. lps told us that when it found out about the phony signatures in 2009, it shut docx down. >> it's astonishing to me that this became as pervasive as a problem that it is. >> it got sloppy. >> it got very sloppy. >> until july 2011, sheila bair was one of the government's top banking regulators as chairman of the federal deposit insurance corporation. you just described it as pervasive. >> yeah. it is pervasive. it absolutely is pervasive. and it was just a matter of cutting corners, not spending enough money, not have any quality controls. >> although banks say the courts have been accepting their paperwork, that's changing as desperate homeowners countersue the banks over the document
bank, and bank of america. we contacted all of them, and each said that it farmed out its mortgage servicing work to other companies, and it was those mortgage servicing firms that hired docx. docx was owned by a company called lps, a $2 billion firm that calls itself the nation's leading provider of mortgage processing services. lps told us that when it found out about the phony signatures in 2009, it shut docx down. >> it's astonishing to me that this became as pervasive as a problem...
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Nov 26, 2012
11/12
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because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >> as lesley stahl reported in 2009, the coal industry has been looking for ways to dispose of hundreds of millions of pounds of toxic coal ash, the waste product produced from coal-fired power plants across the u.s. >> that hill over there might be 40 feet of coal ash. >> ted yoakam, a lawyer in virginia, says recycling can breed its own disaster. he says that in 2002, the state's power company, dominion, got rid of some of its excess coal ash by giving it to this golf course in chesapeake. wow. how
because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the...
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Nov 22, 2012
11/12
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[ticking] [stopwatch ticking] >> america gets half its electricity from coal. the problem is, that process creates tens of millions of tons of waste loaded with toxic metals. this muck is called coal ash. never heard of it? neither had most of the people in kingston, tennessee, until a retention pool buckled, shooting a billion gallons of coal ash into the river and engulfing area homes. [ticking] >> the oilmen up there aren't digging holes in the sand and hoping for a spout. they're digging up dirt-- dirt which is saturated with oil. they're called oil sands, and if you've never heard of them, you're in for a big surprise, because the reserves are so vast that they'll help solve america's energy needs for the next century. [ticking] >> if you were waiting for the day global warming would change the world, that day is here. it's happening far from civilization's notice in a place about as remote as you can get. >> welcome to 60 minutes on cnbc. i'm steve kroft. we live on an increasingly endangered planet, from the glaciers of antarctica to the rich prairie lan
[ticking] [stopwatch ticking] >> america gets half its electricity from coal. the problem is, that process creates tens of millions of tons of waste loaded with toxic metals. this muck is called coal ash. never heard of it? neither had most of the people in kingston, tennessee, until a retention pool buckled, shooting a billion gallons of coal ash into the river and engulfing area homes. [ticking] >> the oilmen up there aren't digging holes in the sand and hoping for a spout....
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Nov 5, 2012
11/12
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america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> big week ahead in the currency markets as traders eye the u.s. elections. chinese leadership change, an important budget vote in greece. joining us to break it down, andy bush. the euro levels we haven't seen in two months. getting hit pretty hard. this has do with greece and the big austerity vote? >> yeah. you can start with there's about four, five things they are creating uncertainty in the security markets. merkel's comments saying the crisis is a five-year adventure basically startled everybody. then we've got these greek votes that are coming up. >> i thought merkel sound optimistic. >> she may have been. who knows? five years. who knows? but the last thing i'd throw out there is the presidential elections get about five or six negative scenarios that you could easily imagine, none of which are good and aren't helping either the euro or risk-on trading. >> what are your levels at this point? whatry tradeing? >> i've been coming on your show for a
america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> big week ahead in the currency markets as traders eye the u.s. elections. chinese leadership change, an important budget vote in greece. joining us to break it down, andy bush. the euro levels we haven't seen in two months. getting hit pretty hard. this has do with greece and the big austerity vote? >> yeah. you can start with there's about four, five things they are...
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Nov 26, 2012
11/12
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. >> we need another shopping event in america. >> that's what we really need, isn't it? heading toward the close. they've been shopping for bargains on wall street. the dow down 63 point. i say just because it was 120. that was the number at the low of the session earlier today. we're well off that number. >> many investors left this stock for dead, hence why we're showing zombies. >> last year's cnbc christmas party. >> it has been resurrected. can you guess what company it is? find out if you should buy in or just let the stock rest in peace. >>> more and more democrats willing to jump off the fiscal cliff rather than take a deal they don't like? the house's top democratic tax writer thinks that's a really bad idea. find out when sandra levin joins us later on the "closing bell." [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to f
. >> we need another shopping event in america. >> that's what we really need, isn't it? heading toward the close. they've been shopping for bargains on wall street. the dow down 63 point. i say just because it was 120. that was the number at the low of the session earlier today. we're well off that number. >> many investors left this stock for dead, hence why we're showing zombies. >> last year's cnbc christmas party. >> it has been resurrected. can you guess what...
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Nov 13, 2012
11/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . as we honor our troops i'm joined by a navy veteran who made the transition from war to wall street. cal quinn was injured while serving with special forces in afghanistan. he went through the wall street war fighters rehabilitative program after his return home. here now is cal quinn and is now the cfo of drexel hamilton. an institutional broker dealer that founded wall street war fighters. thank you very much for your service and for what -- for your service on behalf of the nation and your service on behalf of the veterans right now. i read -- >> thank you, sir. >> i read that 20%, 20% unemployment rate, for returning disabled veterans. >> a cornell study. cornell study done beginning of the year said 41% and potentially underestimation. 41% of services disabled veterans unemployed. >> and then there is another stat
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . as we honor our troops i'm joined by a navy veteran who made the transition from war to wall street. cal quinn was injured while serving with special forces in afghanistan. he went through the wall street war fighters rehabilitative program after his return home. here now is cal quinn and is...
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Nov 16, 2012
11/12
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is there be the tom in sight for america's most valuable company and amazon's valuation is steep and a key business doesn't make money but is there reasons to be bullish on that guy? we're watching the price of oil as tensions rise in the middle east and the fire engulfs a rig off the l la coast. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out
is there be the tom in sight for america's most valuable company and amazon's valuation is steep and a key business doesn't make money but is there reasons to be bullish on that guy? we're watching the price of oil as tensions rise in the middle east and the fire engulfs a rig off the l la coast. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and...
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Nov 8, 2012
11/12
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america's natural gas... putting us in control of our energy future, now. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd
america's natural gas... putting us in control of our energy future, now. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their...
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Nov 28, 2012
11/12
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central america? geisha? isn't that like japanese? apparently for an eight-ounce bag it is $40. >> but if you like coffee, you'll pay for it. >> i don't know. $7 for a cup of coffee? have to be a pretty darn good cup of coffee. >> some people like to pay up. it is a luxury good. >>> herb, julia boorstin is following the story of the ceo of groupon. he's been talking a lot today and he has a lot to say, right? >> that's absolutely right, mandy. andrew mason, ceo of groupon, defended his leadership at business insider ignition conference earlier today on the heels of reports groupon's report is considering ousting him. news sent the company's stock moving higher late yesterday. listen to what he said. >> here's a news flash. our stock is down about 80% since we ipo'd a year ago. it would be weird if the bortd wasn't discussing whether i'm the right guy to do the job. and it's actually their chief responsibility to ask that question, as they have asked that question in the past. the only thing unusual is that it is showing up in the news
central america? geisha? isn't that like japanese? apparently for an eight-ounce bag it is $40. >> but if you like coffee, you'll pay for it. >> i don't know. $7 for a cup of coffee? have to be a pretty darn good cup of coffee. >> some people like to pay up. it is a luxury good. >>> herb, julia boorstin is following the story of the ceo of groupon. he's been talking a lot today and he has a lot to say, right? >> that's absolutely right, mandy. andrew mason, ceo...
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Nov 14, 2012
11/12
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i've got polls telling me if we go off the fiscal cliff, most of america's going to blame the republicans in the capitol mi behind me. if i'm the president, i'm focused on the top line number. i've consulted with my economic advisers. it's probably not the 1.6, but sadly, it's probably north of the 1 trillion number. that's what i'm going to push for. as robert said, i'm in a position to give, but i need to get the top line number i need. i'm open to virtually up a options. it may be difficult to do without tax hikes, but i'm open to anything and ready to negotiate. i've set the stage for what i think is my ability to appear generous but nonetheless be effective. >> but when he says i'm open to any and all ideas, i mean, what other ideas are there? it's either broadening the base and, you know, eliminating loopholes or raising taxes. i mean, in terms of the revenue, what are the ideas? am i missing something? is there any other idea? >> i think it's a question of how one side allows the other to portray is, which is if the entire discussion is all about taxing a certain class of americans
i've got polls telling me if we go off the fiscal cliff, most of america's going to blame the republicans in the capitol mi behind me. if i'm the president, i'm focused on the top line number. i've consulted with my economic advisers. it's probably not the 1.6, but sadly, it's probably north of the 1 trillion number. that's what i'm going to push for. as robert said, i'm in a position to give, but i need to get the top line number i need. i'm open to virtually up a options. it may be difficult...
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Nov 6, 2012
11/12
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. >> america's wealth comes from the efforts of people striving for success. take away their incentive with bad mouthing success, and you take away the wealth that helps us take care of the needy. yes, in socialism the rich will be poorer. but the poorer will also be poorer. people will lose interest in really working hard and creating jobs. >> so will his efforts pay off? joining us now for an exclusive interview is the man himself, thomas peterffy. mr. peterffy, good to have you on the program. thanks for joining us. >> thank you for having me. >> so you cast your vote obviously for romney this afternoon. if we wins, what does that mean for the markets and the economy in your view? >> on short term, markets go up if romney wins. they go down if obama wins. on the long term, i think the situation is reversed. because if obama wins and we would see that the next four years similar to the last four years, high deficit spending, easy money, and inflationary policies, then i would think that the dollar will depreciate relative to stocks fast and far. so in other
. >> america's wealth comes from the efforts of people striving for success. take away their incentive with bad mouthing success, and you take away the wealth that helps us take care of the needy. yes, in socialism the rich will be poorer. but the poorer will also be poorer. people will lose interest in really working hard and creating jobs. >> so will his efforts pay off? joining us now for an exclusive interview is the man himself, thomas peterffy. mr. peterffy, good to have you...